Reference: 20190596
Release date: 27 November 2019

Promoter – Financial Intermediary

MERIDIAM SAS

Location

Description

The operation concerns the equity participation into Meridiam GIGF, which will invest into SMEs operating in the sectors of energy transition, clean mobility, circular economy, and sustainable cities and communities.

Objectives

Meridiam GIGF's will predominantly make long-term equity and quasi-equity investments. To be able to monitor and manage the investment risks, the fund will seek to acquire minority or majority stakes in companies with a strong corporate governance.

Sector(s)

  • Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

EUR 75 million

Total cost (Approximate amount)

EUR 300 million

Environmental aspects

The EIB will ensure that Meridiam GIGF's operational guidelines comply with its social and environmental standards.

Procurement

Since the Fund is only investing in private companies, it has been assessed that it is not subject to EU rules on public procurement or concessions. However, if after the appraisal, the EIB were to conclude otherwise, the Fund will have to ensure that all contracts for the implementation of the projects financed are in line with EIB's Guide to Procurement.

Status

Approved - 23/04/2020

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

France EU Countries Energy